Common use of Books, Records, Access Clause in Contracts

Books, Records, Access. The Facility Lessee shall maintain or cause to be maintained adequate books, accounts and records with respect to itself, the Facility and Facility Site and prepare all financial statements required hereunder in accordance with GAAP and in compliance with the regulations of any Governmental Entity having jurisdiction thereof, and permit employees, agents and representatives of the Owner Lessor, the Owner Participant, and, so long as the Lien of the Collateral Trust Indenture shall have not been terminated or discharged, the Indenture Trustee, the Pass Through Trustees and the Certificateholders, and such parties' independent consultants, at all reasonable times during normal business hours and upon reasonable prior notice and at no risk or (except during the existence of a Lease Default or Lease Event of Default) expense to the Facility Lessee to inspect, the Facility and Facility Site, to examine or audit all of or any of the Facility Lessee's books, accounts and records and make copies and memoranda thereof and, together with such consultants, to observe the operation, maintenance and repair of the Facility; provided, however, any such inspection shall be conducted in accordance with Section 12 of the Facility Lease.

Appears in 12 contracts

Samples: Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp), Participation Agreement (Calpine Corp)

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